general principles of cost accounting
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Cost accounting generally focuses on a particular product, activity or project. It relies on the principle of collecting all the coststhat fall within the area you are analyzing, no matter how they are incurred or who generates them.
Explanation:
1 Some of the most fundamental accounting principlesinclude the following:
Accrual principle.
Conservatism principle.
Consistency principle.
Cost principle.
Economic entity principle.
Full disclosure principle.
Going concern principle.
Matching principle.
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